Champion REIT is a narrow-moat trust with two high-quality assets in Hong Kong.
Improving occupancy level at Three Garden Road, rising rental growth, and a recovery in retail sales in Hong Kong underpins Champion REIT's solid second-half fiscal 2017 result. For the full year, rental income increased 5.7% to HKD 2.43 billion and largely in line with our HKD 2.46 billion forecast. Tight cost control saw net property income increase at a faster pace at 6.9% to HKD 2.17 billion. Distribution per unit was up 5.8% to HKD 0.2426. Both assets were revalued higher on more optimistic...Champion Real Estate Investment Trust and its subsidiaries are engaged in owning and investing in income-producing commercial properties in Hong Kong with the objective of producing stable and sustainable distributions to unitholders and to achieve long term growth in the net asset value per unit.
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
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